The Office Fund has a strategy of moderate growth and investment to optimise and future-proof its portfolio. Thanks to the quality and sustainability of its portfolio, its lack of leverage and continued investor interest in the office market the Fund is well-positioned.
However, given the level of uncertainty in the market, it is difficult to predict what will happen in the office sector in the near term. Nonetheless, the Fund does expect there to be opportunities, as seen last year. Less committed, less long-term investors amongst other driven by the denominator effect or investors that rely on substantial leverage may withdraw from the market and we could well see high-quality assets coming to the market at discounted prices. Provided it has the funding, the Fund will seize those opportunities to optimise its portfolio. In the coming three years the Fund expects to provide investors with a total annual net return of between minus 3.1% and 5.7%.
Bouwinvest believes that it can only generate long-term stable financial returns for its investors if it takes societal impact into account in every decision it takes. The Fund’s focus is on the city of the future and it aims to create real value for life by investing for the long term in a responsible manner.
The Office Fund works with its peers, public sector bodies and other stakeholders to create healthy working environments and meeting places that meet today’s demands and those of the future. In addition, the Fund aims to reduce the environmental impact of its portfolio, striving for a net-zero carbon, nearly energy-neutral and climate-resilient Paris Proof portfolio before 2045.
Amsterdam, 27 March 2023
Bouwinvest Real Estate Investors B.V.
Mark Siezen, Chief Executive Officer and Statutory Director
Rianne Vedder, Chief Financial & Risk Officer and Statutory Director
Marleen Bosma, Chief Client Officer
Allard van Spaandonk, Chief Investment Officer Dutch Investments
Stephen Tross, Chief Investment Officer International Investment